IT professionals with Java and C# are in short supply, according to the latest IT recruitment report from financial services recruiter McGregor Boyall.

The report reveals 16% of all IT requirements vacancies were within risk, while 40% were within development, with a particular need for those with Java and C# experience.

Laurie Boyall, managing director at McGregor Boyall, says: “With the recent Independent Banking Commission report calling for a ring fencing of retail and investment banking operations, it seems likely that even more regulatory reform will take place. Once the report has been finalised, we are likely to see financial institutions having to rethink some of their IT strategies.

“This will inevitably lead to a renewed spike in the demand for IT specialists – particularly contractors – to work on large-scale projects which will be driven by compliance and risk issues, rather than investment in new systems.”